-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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“Illinois Republicans in Congress want a chance to persuade Trump to keep him locked up.”
My Goodness, the IL Republican party really is the Stupid Party. It should be the Democrats begging Trump to keep him in prison. It doesn’t harm the Republican party in anyway….how can things get any worse? We already have a super minority and no statewide office. It will be Dems outraged that he is released – it won’t affect what’s left of the pitiful R party.